Data Protection as a Service Market size to grow by USD 40,198.28 million from 2022 to 2027, Recent development in DPaaS to drive market growth – Technavio

NEW YORK, May 22, 2023 /PRNewswire/ — The data protection as a service market size is forecast to increase by USD 40,198.28 million from 2022 to 2027. The market will progress at a CAGR of 34.12%, according to the recent market study by Technavio. The growth of the market will be driven by the increase in adoption of DPaaS among various industries, the growing need to simplify solutions for backup, and recent development in DPaaS. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including Acronis International GmbH, Amazon.com Inc., Asigra Inc., Backblaze Inc., Barracuda Networks Inc., Broadcom Inc., Cohesity Inc., Commvault Systems Inc., Dell Technologies Inc., Hewlett Packard Enterprise Co., Hornetsecurity Ltd., International Business Machines Corp., Kaseya Ltd., Microsoft Corp., Oracle Corp., Rubrik Inc., SolarWinds Corp., Veeam Software Group GmbH, Veritas Technologies LLC, and VMware Inc.

Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Expand operations in the future – To get requisite details, ask for a custom report.

Data Protection as a Service Market – Segmentation Analysis

This data protection as a service market report extensively covers market segmentation by application (STaaS, BaaS, and DRaaS), business segment (large, small, and medium), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

• The market share growth by the STaaS segment will be significant for overall market growth during the forecast period. In a STaaS model, organizations lease their storage infrastructure to a STaaS provider to store their business data, and before the emergence of cloud computing, organizations stored their data within the organization premises. Organizations produce larger amounts of unstructured data on a daily basis, increasing their IT infrastructure costs. Cloud-based data centers allow organizations to store this data off-site or on-site and in a STaaS solution, clients pay either a subscription or for the amount of storage utilized. 

To get detailed insights about inclusions and exclusions, buy the report 

Data Protection as a Service Market – Market Dynamics

Key Drivers

• Recent development in DPaaS is one of the key factors driving the growth of the global DPaaS market. 
• DPaaS has recently taken a big leap forward with the emergence of new cloud-based solutions that allow companies to easily access and manage their data, so, many of these services are built on open-source frameworks and offer flexibility and scalability at a fraction of the cost of traditional data management solutions.
• Additionally, advanced analytics tools that leverage ML algorithms will be integrated into the DPaaS offering, which enables organizations to gain deeper insight into their data and make more informed decisions.
• Hence, such factors drive market growth for the DPaaS market during the forecast period.

Significant Trends

• Exponential growth in the volume of data is an emerging trend in the global DPaaS market. 
• The exponential growth in the amount of data generated by smartphones, the Internet, and digital business processes provides businesses with potential assets.
• These are the assets they can use to gain a competitive advantage but most traditional data centers were not designed to handle the massive amounts of data generated by the current and emerging digital economy and modern mobile applications.
• Resultantly, organizations are unable to protect and manage vulnerable data. Furthermore, failure to secure data in an increasingly decentralized computing environment can disrupt growth-hungry organizations and thus, the company should securely back up data with its DPaaS.
• Hence, such factors fuel the market growth during the forecast period.

Major Challenges

• Bandwidth limitations among enterprises are major challenges hindering the growth of the global DPaaS market. 
• Companies that generate large amounts of data daily cannot afford to lose data due to problems like errors, cyber-attacks, or system crashes, so they provide more bandwidth to transfer large amounts of data to offshore servers.
• One must choose a network solution that drives the need for higher bandwidth and the time it takes to store and retrieve data can vary from seconds to hours, depending on storage location and allocated bandwidth.
• Hence, such challenges impede market growth of DPaaS during the forecast period.

Get a holistic overview of the endoscopic closure devices market from industry experts to evaluate and develop growth strategies. Download the Sample

\What are the key data covered in this Data Protection As A Service Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the data protection as a service market between 2023 and 2027
• Precise estimation of the size of the data protection as a service market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the data protection as a service market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of data protection as a service market vendors

Gain instant access to 17,000+ market research reports. 
Technavio’s SUBSCRIPTION platform

Related Reports:

The data acquisition (DAQ) system market is estimated to grow at a CAGR of 5.6% between 2022 and 2027. The size of the market is forecast to increase by USD 560.39 million. This report extensively covers market segmentation by end-user (power and energy, automotive, aerospace and defense, education and research, and others), type (hardware and software), and geography (North America, Europe, APAC, Middle East and Africa, and South America). The increasing demand for monitoring in end-user industries is notably driving market growth. 

The China data center market size is estimated to grow at a CAGR of 27.22% between 2022 and 2027. The China data center market size is forecast to increase by USD 101,794 million. This data center market in China report extensively covers market segmentation by component (IT infrastructure, power management, mechanical construction, general construction, and others), and end-user (BFSI, telecom and IT, government, energy and utilities, and others). The rising demand for hyper-converged data centers is notably driving market growth.

Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Business Segment
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global data protection as a service market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on global data protection as a service market 2017 – 2021 ($ million)

• 4.2 Application Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 ($ million)

• 4.3 Business Segment Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Business Segment Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application – Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 STaaS – Market size and forecast 2022-2027 
• Exhibit 34: Chart on STaaS – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on STaaS – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on STaaS – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on STaaS – Year-over-year growth 2022-2027 (%)

• 6.4 BaaS – Market size and forecast 2022-2027 
• Exhibit 38: Chart on BaaS – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on BaaS – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on BaaS – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on BaaS – Year-over-year growth 2022-2027 (%)

• 6.5 DRaaS – Market size and forecast 2022-2027 
• Exhibit 42: Chart on DRaaS – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on DRaaS – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on DRaaS – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on DRaaS – Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ million)
• Exhibit 47: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Business Segment

• 7.1 Market segments
• Exhibit 48: Chart on Market Segmentation by Business Segment – Market share 2022-2027 (%)
• Exhibit 49: Data Table on Market Segmentation by Business Segment – Market share 2022-2027 (%)

• 7.2 Comparison by Market Segmentation by Business Segment 
• Exhibit 50: Chart on Comparison by Market Segmentation by Business Segment
• Exhibit 51: Data Table on Comparison by Market Segmentation by Business Segment

• 7.3 Large – Market size and forecast 2022-2027 
• Exhibit 52: Chart on Large – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Large – Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Large – Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Large – Year-over-year growth 2022-2027 (%)

• 7.4 Small and medium – Market size and forecast 2022-2027 
• Exhibit 56: Chart on Small and medium – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Small and medium – Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Small and medium – Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Small and medium – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Market Segmentation by Business Segment 
• Exhibit 60: Market opportunity by Market Segmentation by Business Segment ($ million)
• Exhibit 61: Data Table on Market opportunity by Market Segmentation by Business Segment ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027 
• Exhibit 67: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 APAC – Market size and forecast 2022-2027 
• Exhibit 75: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027 
• Exhibit 87: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027 
• Exhibit 91: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 UK – Market size and forecast 2022-2027 
• Exhibit 99: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.12 Japan – Market size and forecast 2022-2027 
• Exhibit 103: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 Acronis International GmbH 
• Exhibit 115: Acronis International GmbH – Overview
• Exhibit 116: Acronis International GmbH – Product / Service
• Exhibit 117: Acronis International GmbH – Key offerings

• 12.4 Amazon.com Inc.
• Exhibit 118: Amazon.com Inc. – Overview
• Exhibit 119: Amazon.com Inc. – Business segments
• Exhibit 120: Amazon.com Inc. – Key news
• Exhibit 121: Amazon.com Inc. – Key offerings
• Exhibit 122: Amazon.com Inc. – Segment focus

• 12.5 Asigra Inc.
• Exhibit 123: Asigra Inc. – Overview
• Exhibit 124: Asigra Inc. – Product / Service
• Exhibit 125: Asigra Inc. – Key offerings

• 12.6 Backblaze Inc.
• Exhibit 126: Backblaze Inc. – Overview
• Exhibit 127: Backblaze Inc. – Product / Service
• Exhibit 128: Backblaze Inc. – Key news
• Exhibit 129: Backblaze Inc. – Key offerings

• 12.7 Broadcom Inc.
• Exhibit 130: Broadcom Inc. – Overview
• Exhibit 131: Broadcom Inc. – Business segments
• Exhibit 132: Broadcom Inc. – Key news
• Exhibit 133: Broadcom Inc. – Key offerings
• Exhibit 134: Broadcom Inc. – Segment focus

• 12.8 Cohesity Inc.
• Exhibit 135: Cohesity Inc. – Overview
• Exhibit 136: Cohesity Inc. – Product / Service
• Exhibit 137: Cohesity Inc. – Key offerings

• 12.9 Commvault Systems Inc. 
• Exhibit 138: Commvault Systems Inc. – Overview
• Exhibit 139: Commvault Systems Inc. – Product / Service
• Exhibit 140: Commvault Systems Inc. – Key offerings

• 12.10 Dell Technologies Inc. 
• Exhibit 141: Dell Technologies Inc. – Overview
• Exhibit 142: Dell Technologies Inc. – Business segments
• Exhibit 143: Dell Technologies Inc. – Key offerings
• Exhibit 144: Dell Technologies Inc. – Segment focus

• 12.11 Hewlett Packard Enterprise Co. 
• Exhibit 145: Hewlett Packard Enterprise Co. – Overview
• Exhibit 146: Hewlett Packard Enterprise Co. – Business segments
• Exhibit 147: Hewlett Packard Enterprise Co. – Key news
• Exhibit 148: Hewlett Packard Enterprise Co. – Key offerings
• Exhibit 149: Hewlett Packard Enterprise Co. – Segment focus

• 12.12 International Business Machines Corp. 
• Exhibit 150: International Business Machines Corp. – Overview
• Exhibit 151: International Business Machines Corp. – Business segments
• Exhibit 152: International Business Machines Corp. – Key news
• Exhibit 153: International Business Machines Corp. – Key offerings
• Exhibit 154: International Business Machines Corp. – Segment focus

• 12.13 Microsoft Corp.
• Exhibit 155: Microsoft Corp. – Overview
• Exhibit 156: Microsoft Corp. – Business segments
• Exhibit 157: Microsoft Corp. – Key news
• Exhibit 158: Microsoft Corp. – Key offerings
• Exhibit 159: Microsoft Corp. – Segment focus

• 12.14 Oracle Corp.
• Exhibit 160: Oracle Corp. – Overview
• Exhibit 161: Oracle Corp. – Business segments
• Exhibit 162: Oracle Corp. – Key news
• Exhibit 163: Oracle Corp. – Key offerings
• Exhibit 164: Oracle Corp. – Segment focus

• 12.15 Veeam Software Group GmbH 
• Exhibit 165: Veeam Software Group GmbH – Overview
• Exhibit 166: Veeam Software Group GmbH – Product / Service
• Exhibit 167: Veeam Software Group GmbH – Key offerings

• 12.16 Veritas Technologies LLC 
• Exhibit 168: Veritas Technologies LLC – Overview
• Exhibit 169: Veritas Technologies LLC – Product / Service
• Exhibit 170: Veritas Technologies LLC – Key news
• Exhibit 171: Veritas Technologies LLC – Key offerings

• 12.17 VMware Inc.
• Exhibit 172: VMware Inc. – Overview
• Exhibit 173: VMware Inc. – Product / Service
• Exhibit 174: VMware Inc. – Key news
• Exhibit 175: VMware Inc. – Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 176: Inclusions checklist
• Exhibit 177: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 178: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 179: Research methodology
• Exhibit 180: Validation techniques employed for market sizing
• Exhibit 181: Information sources

• 13.5 List of abbreviations 
• Exhibit 182: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio